Prize winnings are considered taxable income, but experts NewsChannel 5 spoke with say it's unlikely any gold medal winner would incur a tax liability of anything close to $9,000 because they are not in the 35% tax bracket, and they get to offset costs of training, equipment, and uniforms.

By the way, a gold medal is really mostly silver. It consists of just over one percent actual gold and is worth about $644.00.